The general inflation in Germany stood at 3.3% during the month of September, which implies a rise of four tenths compared to the 2.9% recorded in August and represents the largest year-on-year increase in prices since December 2023, according to the second estimate released this Tuesday by the Federal Statistical Office (Destatis).
In parallel, the harmonized inflation rate of Germany, used by Eurostat for its comparisons between countries, also increased by four tenths in September, reaching 3.3% year-on-year.
"The inflation rate exceeded three percent in September, thus reaching a new high this year," noted Ruth Brand, president of Destatis, who pointed out that the evolution of energy prices was responsible for the increase in inflation.
The rise in energy prices was the main upward pressure factor, with a year-on-year increase of 14.9%, compared to the 10.5% recorded in August, thus reflecting the impact of the conflict in the Middle East on gas and oil prices.
As for the rest of the components, food prices rose by 0.4%, after the year-on-year increase of 0.1% observed in August, while services became more expensive by 2.7%, one tenth less than the 2.8% of the previous month, and goods recorded an increase of 3.8%, that is, eight tenths more.
In this way, the core inflation, which excludes energy and food, remained stable at 2.4%, the same level as in July and August.